On june 16, 2018, evergreen inc. wrote off the $200 receivable from customer m. simmons. on october 14, 2018, evergreen unexpectedly receives $200 cash from m. simmons. how should evergreen record the $200 payment from m. simmons? evergreen uses the allowance method. a. debit accounts receivable-m. simmons and credit bad debts expense: debit cash and credit accounts receivable-m. simmons. b. debit cash and credit bad debts expense. c. debit cash and credit allowance for bad debts. d. and credit allowance for bad debts; debit cash and credit accounts debit accounts receivable-m. simmons receivable- m. simmons

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.